Infosys Limited (INFY) Just Reaches 52-Week High?

June 14, 2018 - By Hannah Black

Infosys Limited (NYSE:INFY) Logo

The stock of Infosys Limited (NYSE:INFY) hit a new 52-week high and has $18.72 target or 3.00 % above today’s $18.18 share price. The 7 months bullish chart indicates low risk for the $39.62B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $18.72 price target is reached, the company will be worth $1.19B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.97% or $0.178 during the last trading session, reaching $18.175. About 3.62 million shares traded. Infosys Limited (NYSE:INFY) has risen 18.12% since June 14, 2017 and is uptrending. It has outperformed by 5.55% the S&P500.

Analysts await Infosys Limited (NYSE:INFY) to report earnings on July, 13. They expect $0.25 earnings per share, up 4.17 % or $0.01 from last year’s $0.24 per share. INFY’s profit will be $544.99 million for 18.18 P/E if the $0.25 EPS becomes a reality. After $0.26 actual earnings per share reported by Infosys Limited for the previous quarter, Wall Street now forecasts -3.85 % negative EPS growth.

Infosys Limited (NYSE:INFY) Ratings Coverage

Among 8 analysts covering Infosys Limited (NYSE:INFY), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Infosys Limited had 10 analyst reports since January 4, 2018 according to SRatingsIntel. Robert W. Baird maintained the shares of INFY in report on Tuesday, April 3 with “Hold” rating. On Friday, April 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by BMO Capital Markets with “Hold” on Friday, January 12. The rating was downgraded by Susquehanna to “Negative” on Monday, February 5. Robert W. Baird maintained the stock with “Hold” rating in Thursday, January 4 report. Susquehanna maintained the shares of INFY in report on Monday, April 16 with “Sell” rating. The stock has “Buy” rating by Jefferies on Monday, April 16. The firm has “Buy” rating by Goldman Sachs given on Monday, February 5. The stock has “Hold” rating by Cowen & Co on Monday, January 15.

More news for Infosys Limited (NYSE:INFY) were recently published by: Globenewswire.com, which released: “Research Report Identifies AC Immune SA, Vipshop, Infosys, STMicroelectronics NV, BRF SA, and National Steel with …” on June 08, 2018. Prnewswire.com‘s article titled: “Infosys and Rhode Island School of Design Launch Pioneering Design Partnership” and published on June 13, 2018 is yet another important article.

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. The company has market cap of $39.62 billion. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies. It has a 16.52 P/E ratio. The companyÂ’s products include Finacle, a banking solution that provides analytics, core banking, consumer e-banking, corporate e-banking, Islamic banking, mobile banking, origination, payments, SME enable, treasury, wealth management, and youth banking solutions.

Infosys Limited (NYSE:INFY) Ratings Chart

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